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Oct 14, 2013
10/13
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the last time congress raced this debt ceiling -- raced this debt ceiling -- raised this debt ceiling, it was i want to $6.999 trillion. and technically we reached that on may 19 of this year. the treasury department has since been using what it calls extraordinary measures to keep paying our bills. but as secretary lew has communicated to this congress over and over in letter and in testimony, in just a few days, the treasury department will no longer have enough money to keep up, these extraordinary measures will have run out. and within a week or two later, we will end up at zero. so what are the bills? what are the bills that we need to raise this ceiling in order to pay? well, it's the salaries of all federal employees, including our military; it's social security and medicare payments; it's unemployment benefits; tax refunds; and interest on our sovereign debt. raising the debt limit allows the treasury to borrow the money it needs to pay these bills. that's. -- that's it. if on any particular day more bills come due than we have cash in our accounts to cover, then the united st
the last time congress raced this debt ceiling -- raced this debt ceiling -- raised this debt ceiling, it was i want to $6.999 trillion. and technically we reached that on may 19 of this year. the treasury department has since been using what it calls extraordinary measures to keep paying our bills. but as secretary lew has communicated to this congress over and over in letter and in testimony, in just a few days, the treasury department will no longer have enough money to keep up, these...
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Oct 9, 2013
10/13
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CSPAN2
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we said, american people, okay, we're going to vote to raise the debt ceiling. a lot of people didn't like any raising of the debt ceiling, i got to tell you. the phone calls in my office were against it. any raising of it. they said, it's time for you to guys to live within your means, like i have to do in my house. so we raised it, but we promised, did we not -- we promised we wouldn't spend so much. we promised that we would reduce spending $2.1 trillion, but over ten years, and a lot of cynics around here, you know what they said? they said, congress won't adhere to that. that's just a bunch of baloney. they promise that all the time, and then they breech their promisessal thpromises all the . that's why the country is going broke. that's exactly what the president did in january of 2012, six months after the thing was agreed to. he proposed to spend another $1 trillion above the amount of money we agreed to spend six months before. this -- oh, why? well, i didn't really want to sign that agreement. i didn't really want to spend that much money p. -- spend t
we said, american people, okay, we're going to vote to raise the debt ceiling. a lot of people didn't like any raising of the debt ceiling, i got to tell you. the phone calls in my office were against it. any raising of it. they said, it's time for you to guys to live within your means, like i have to do in my house. so we raised it, but we promised, did we not -- we promised we wouldn't spend so much. we promised that we would reduce spending $2.1 trillion, but over ten years, and a lot of...
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Jan 31, 2013
01/13
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CSPAN2
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ceil something not raised immediately -- debt ceil something not raised immediate lid upon the expiration of this period. that's what this amendment is about. my amendment is about minimizing the risk the disruption in any event that the debt ceil something not raised at the time that the time expires. what it does is instructs the treasury detect to prioritize three categories of payment. the presiding officer: time is expired. mr. toomey: let me ask for 30 seconds to simply saddam hussein that this amendment -- to simply explain that this amendment would authorize the treasury to rates debt ceiling as necessary to cover those three categories. i would urge my colleagues to support the amendment. thank you. mr. baucus: madam president? the presiding officer: the senator from montana. mr. baucus: madam president, i appreciate the intent of the senator from pennsylvania. when you stop and think about this amendment, it reminds us of the movie and the book "hunger games." in "hunger games" you'll recall that children were pitted against each other until one survived. there are three categor
ceil something not raised immediately -- debt ceil something not raised immediate lid upon the expiration of this period. that's what this amendment is about. my amendment is about minimizing the risk the disruption in any event that the debt ceil something not raised at the time that the time expires. what it does is instructs the treasury detect to prioritize three categories of payment. the presiding officer: time is expired. mr. toomey: let me ask for 30 seconds to simply saddam hussein...
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Oct 14, 2013
10/13
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and just know, when he was president, republicans and democrats raised the debt ceiling no less than 18 times, i say to my friend. 18 times we raised the debt ceiling because, yeah, we had a debt from prior bills and ronald reagan said send me a debt ceiling increase. look what he says. he said -- "the full consequences of a default or even the serious prospect of default by the united states are impossible to predict and awesome to contemplate. denigration of the full faith and credit of the united states would have substantial effects on the domestic financial markets and the value of the dollar." ronald reagan, 1983. and that's when our economy was much smaller than it is today. so how does the party of ronald reagan now get us to this point where three days we're about to default? i didn't hear one word out of them when they decided to put two wars on the credit card and a huge tax break for billionaires on the credit card and a big medical prescription drug benefit on the credit card. not one word out of them. oh, vote, vote, vote, vote. and what happened? we had a surplus under
and just know, when he was president, republicans and democrats raised the debt ceiling no less than 18 times, i say to my friend. 18 times we raised the debt ceiling because, yeah, we had a debt from prior bills and ronald reagan said send me a debt ceiling increase. look what he says. he said -- "the full consequences of a default or even the serious prospect of default by the united states are impossible to predict and awesome to contemplate. denigration of the full faith and credit of...
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Oct 8, 2013
10/13
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CSPAN2
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eye 50
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open the government, raise the debt ceiling, and we'll talk about anything you want to talk about. we're not afraid to go to conference. we are happy to go to conference. that's what we used to do here all the time, but we've had a little problem. the republicans won't let us go to conference. maybe they will in this instance because that's what he said he wants. open the government, we'll get back to the so-called conversations he talks about, we'll get back to the negotiating table, work out our budget disagreements. we can even start talking about ways to make the affordable care act better. not worse but better. we can get back to the business of legislating. that's what our job has always been and should be. i would ask the chair to announce the business of the day. the presiding officer: under the previous order, the leadership time is reserved. under the previous order, the senate will be in a period of morning business for debate only until 12:30 p.m., with senators permitted to speak therein for up to ten minutes each. mr. leahy: mr. president? the presiding officer: the s
open the government, raise the debt ceiling, and we'll talk about anything you want to talk about. we're not afraid to go to conference. we are happy to go to conference. that's what we used to do here all the time, but we've had a little problem. the republicans won't let us go to conference. maybe they will in this instance because that's what he said he wants. open the government, we'll get back to the so-called conversations he talks about, we'll get back to the negotiating table, work out...
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Oct 15, 2013
10/13
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ALJAZAM
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and raising the debt ceiling high enough to last until mid february. a key question, can house speaker john boehner get a senate deal through the house? so far conservatives have pushed the speak tore adop speaker to e on cutting spending and rolling bako bomb a care. they are weary of boehner. dismayed when forced to swallow the fiscal cliff deal in january. this time was to be different. but their strategy of tying government fund to go cutting obama care has failed. and with two days to go before possible default, house conservatives are back on the sideline. while senate gop leader mitch mcconnell searches for a last-minute deal with democrats. >> perhaps tomorrow will be a bright day. we are not there yet, we hope it will be. >> reporter: negotiations are at such a sensitive stage it was dealed as a positive development with a 3:00 p.m. monday meeting called here at the white house between house and senate leaders was postponed because they were hammering out details behind closed doors. back to you. >> thank you, mike viqueira reporting from the
and raising the debt ceiling high enough to last until mid february. a key question, can house speaker john boehner get a senate deal through the house? so far conservatives have pushed the speak tore adop speaker to e on cutting spending and rolling bako bomb a care. they are weary of boehner. dismayed when forced to swallow the fiscal cliff deal in january. this time was to be different. but their strategy of tying government fund to go cutting obama care has failed. and with two days to go...
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May 20, 2013
05/13
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CSPAN2
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they're going to -- they decided they're not sure they're going to raise the debt ceiling, and so they now have a bill that they lay out who would get paid first when we default on our debt, and guess what, america, it's not you. it's china. before we pay america's business or american bondholders, we're going to pay china. i would yield the floor. mr. reid: mr. president? the presiding officer: the majority leader. mr. reid: i would ask my friend to yield for a unanimous consent request, and also with a request through the chair to my friend, when you finish your remarks, would you be willing to close the senate tonight? mrs. boxer: of course. mr. reid: great. mr. president? the presiding officer: the majority leader. mr. reid: i ask that the record not appear that she has been interrupted by me. the presiding officer: without objection. mr. reid: mr. president, i ask unanimous consent that at 4:00 p.m. on wednesday, may 22, the senate proceed to the consideration of calendar number 43, s. res. 65, that there be 60 minutes for debate equally divided and controlled in the usual form an
they're going to -- they decided they're not sure they're going to raise the debt ceiling, and so they now have a bill that they lay out who would get paid first when we default on our debt, and guess what, america, it's not you. it's china. before we pay america's business or american bondholders, we're going to pay china. i would yield the floor. mr. reid: mr. president? the presiding officer: the majority leader. mr. reid: i would ask my friend to yield for a unanimous consent request, and...
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Jun 12, 2013
06/13
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because ordinarily to raise the debt ceiling, it would take 60 votes. and if it takes 60 votes, what that means is that the 54 democrats are not able to do so on a straight party-line vote, freezing out the republicans. right now the democrats have stated they believe the debt ceiling should be raised with no preconditions, no negotiations, no structural changes to our out-of-control spending that is bankrupting our country. and what the minority senators have said is that at a minimum, if we are going to raise the debt ceiling, it should be subject to a 60-vote threshold so that we have a conversation about fixing the deep fiscal and economic challenges in this country. and it is, indeed, the majority who -- i will give credit for candor -- does not wish to say, no, we -- we will take the debt ceiling off the table because it is, i believe, the democrats' intention, if this budget process goes to conference committee, to use reconciliation as a backdoor procedural trick to raise the debt ceiling on 50 votes. i think that would be a travesty. but i thin
because ordinarily to raise the debt ceiling, it would take 60 votes. and if it takes 60 votes, what that means is that the 54 democrats are not able to do so on a straight party-line vote, freezing out the republicans. right now the democrats have stated they believe the debt ceiling should be raised with no preconditions, no negotiations, no structural changes to our out-of-control spending that is bankrupting our country. and what the minority senators have said is that at a minimum, if we...
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117
Sep 26, 2013
09/13
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CNN
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to raise a debt ceiling but with a catch. looping with it, a lengthy list of gop priorities, from the keystone pipeline, tax reform, to delaying obama care for a year. it's a direct challenge to the president. >> i will not negotiate on anything when it comes to the full faith and credit of the united states of america. >> now, the president says i'm not going to negotiate. quell, i'm sorry, but it just doesn't work that way. >> reporter: the reality is republican leaders are also doing this as a negotiating tactic with their own restive conservatives. senior gop source admit to cnn they have learned the hard way to manage unpredictable hard-liners, leaders have to first show they're -- is it something you could support? >> i'm not sure. >> reporter: even this plan that democrats dismiss as gop -- doesn't satisfy some republicans. >> the plan right now does not address the spending. >> reporter: that brings us to the more imminent october 1st deadline over funding the government. >> we have no interest in seeing a government
to raise a debt ceiling but with a catch. looping with it, a lengthy list of gop priorities, from the keystone pipeline, tax reform, to delaying obama care for a year. it's a direct challenge to the president. >> i will not negotiate on anything when it comes to the full faith and credit of the united states of america. >> now, the president says i'm not going to negotiate. quell, i'm sorry, but it just doesn't work that way. >> reporter: the reality is republican leaders are...
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Jan 14, 2013
01/13
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KGO
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ceiling. >> raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. we are not a deadbeat nation. >> house republicans want spending cuts as part of a deal to lift the debt ceiling. without an agreement the country has until around march 1 before it may not be able to meet financial obligations. >> today is the one month anniversary of the deadly school shooting in newtown, connecticut. in washington, bay area members are among the group of democrats meeting with vice president biden about gun control. the vice president could turn over his proposals to president obama as early as tomorrow. >> a month ago today, the shooting massacre at sandy hook elementary school shocked the nation. and re-ignited a fierce battle over america's relationship with guns. tomorrow, vice president biden will recommend a robust gun control game plan to president obama including stronger background checks for all gun purchases, a ban on high capacity magazine clips, and a renewed ban on assault weapons. >> my starting poi
ceiling. >> raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. we are not a deadbeat nation. >> house republicans want spending cuts as part of a deal to lift the debt ceiling. without an agreement the country has until around march 1 before it may not be able to meet financial obligations. >> today is the one month anniversary of the deadly school shooting in newtown, connecticut. in washington, bay area members...
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Oct 7, 2013
10/13
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CSPAN2
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ceiling has to be raised so we don't go into default. mr. president, it's a sad day. mr. president, i yield the floor. the presiding officer: the assistant majority leader. mr. durbin: mr. president, i rise to speak in support of two individuals who will come up for a vote at 5:00. , no we haven't set any records here in the senate in the last five weeks for productivity. we passed one major piece of legislation which the senator from oregon brought before us relative to the issue of our helium preserve. great work. one of the few bipartisan things we've accomplished in five weeks. maybe the only bipartisan thing. well, here's a chance to improve our record at 5:00. there are two nominees for federal district court judge in illinois that i commend to the members of united states senate and let me say at the outset, it isn't just this side of the aisle and this senator making the recommendation. senator mark kirk and i worked together on a bipartisan basis to come up with these nominees and to get them approved by our nomination committee
ceiling has to be raised so we don't go into default. mr. president, it's a sad day. mr. president, i yield the floor. the presiding officer: the assistant majority leader. mr. durbin: mr. president, i rise to speak in support of two individuals who will come up for a vote at 5:00. , no we haven't set any records here in the senate in the last five weeks for productivity. we passed one major piece of legislation which the senator from oregon brought before us relative to the issue of our helium...
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Jan 14, 2013
01/13
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KOFY
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ceiling. >> raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. we are not a deadbeat nation. >> house republicans want spending cuts as part of a deal to lift the debt ceiling. without an agreement the country has until around march 1 before it may not be able to meet financial obligations. >> today is the one month anniversary of the deadly school shooting in newtown, connecticut. in washington, bay area members are among the group of democrats meeting with vice president biden about gun control. the vice president could turn over his proposals to president obama as early as tomorrow. >> a month ago today, the shooting massacre at sandy hook elementary school shocked the nation. and re-ignited a fierce battle over america's relationship with guns. tomorrow, vice president biden will recommend a robust gun control game plan to president obama including stronger background checks for all gun purchases, a ban on high capacity magazine clips, and a renewed ban on assault weapons. >> my starting poi
ceiling. >> raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. we are not a deadbeat nation. >> house republicans want spending cuts as part of a deal to lift the debt ceiling. without an agreement the country has until around march 1 before it may not be able to meet financial obligations. >> today is the one month anniversary of the deadly school shooting in newtown, connecticut. in washington, bay area members...
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Oct 17, 2013
10/13
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KNTV
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nothing says the president is raise the debt ceiling. it's kind of the best choice of two bad options. >> finally, a congressional deal takes flight hours before a deadline to raise the debt ceiling or suffer the first default in u.s. history. >> but in the end, political adversaries set aside their differences and disagreements. >> before we go patting ourselves on the back, these principal players are likely going to be riding the same political carousel in a few months. >> it's a difficult situation. it's hard to see how we're going to git out of this moving forward in a way that's healthy and constructive. all we're talking about now is let's kick the can down the road for two months. >> some u.s. policy think tankers like saul jack man of the brookings institution say the president should raise the debt ceiling himself next time should it come to that. >> has this ever happened in the history of our government, has the president ever unilaterally raised the debt ceiling? >> never to raise it directly. there's no precedent of the eme
nothing says the president is raise the debt ceiling. it's kind of the best choice of two bad options. >> finally, a congressional deal takes flight hours before a deadline to raise the debt ceiling or suffer the first default in u.s. history. >> but in the end, political adversaries set aside their differences and disagreements. >> before we go patting ourselves on the back, these principal players are likely going to be riding the same political carousel in a few months....
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Oct 12, 2013
10/13
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ALJAZAM
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now it's all eyes on the senate when it comes to raising the debt ceiling. here's what he had to say. >> i was happy to see the republicans engaged in talks with the president. that's over with. it's done. they're not talking any more. we learned that this morning. i say to my friends on the republican side of the senate, time is running out. >> reporter: time is running out, he says. that's harry reid. republicans seemed to concur a little bit with that. they said that they feel that the discussion has finished now with the white house, and it is all eyes on the senate regarding raising the debt ceiling and urge republicans in the senate to stand and be strong on their principles. of course it's not like anyone wants the debt ceiling not to be raised, and cause an economic collapse around the world. but republicans don't want any more government spending, at least in part raising the debt ceiling fall noose that. that's why they're being urged to stand strong. the senate will stay in recess until harry reid concludes some time today. >> i know you have more
now it's all eyes on the senate when it comes to raising the debt ceiling. here's what he had to say. >> i was happy to see the republicans engaged in talks with the president. that's over with. it's done. they're not talking any more. we learned that this morning. i say to my friends on the republican side of the senate, time is running out. >> reporter: time is running out, he says. that's harry reid. republicans seemed to concur a little bit with that. they said that they feel...
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Mar 4, 2013
03/13
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CSPAN2
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we said, okay, give us this ability to raise the debt ceiling so we can pay our bills and not become a third world nation and not lose our credit rating even more than we've already lost it. and then we will look at deficit reduction. and if the super committee can't come up with a deal, we'll just have these across-the-board cuts. no one thought that they would happen. and they're happening. and now what we hear is, oh, it's really no big deal. our republican friends are saying. it's okay. and i want to talk about that for a minute, and then after i'm done with that, i'm going to talk about an issue that has to get on this agenda, and that's climate change. but let me tell you that maybe people watching this or in their homes may not be touched by the sequester. but let me tell you who will be touched by the sequester, and let me make the argument that when these people are touched by it, we're all touched by it. this is one nation under god. and when we hurt our people, we get hurt. 70,000 children will not get head start. is that supposed to be good for the country? 10,000 teacher
we said, okay, give us this ability to raise the debt ceiling so we can pay our bills and not become a third world nation and not lose our credit rating even more than we've already lost it. and then we will look at deficit reduction. and if the super committee can't come up with a deal, we'll just have these across-the-board cuts. no one thought that they would happen. and they're happening. and now what we hear is, oh, it's really no big deal. our republican friends are saying. it's okay. and...
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Oct 11, 2013
10/13
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the debt ceiling more than $1 trillion. actually, it won't be a dollar figure. it will actually be suspended for roughly a year, the debt ceiling, that is, but just so everybody understands exactly what the majority leader and the president are asking us to do, america's maxed out our credit card. about $16.7 trillion. now, i know we have talked about millions and billions and trillions as if we could actually conceptualize what that means, but here is an interesting comparison. under president obama, he has been in office about five years now, our national debt has gone up $6.1 trillion. the debt accrued by all 43 previous presidents was $10.6 trillion. so now our national debt is $16.7 trillion. president obama has asked to raise that credit limit another trillion dollars, but here's the catch. if he had a plan to actually deal with how we're going to repay or pay down the $16.7 trillion, then maybe there would be a discussion. but what he wants is what he called a clean c.r. -- excuse me, a clean debt ceiling. that's a b
the debt ceiling more than $1 trillion. actually, it won't be a dollar figure. it will actually be suspended for roughly a year, the debt ceiling, that is, but just so everybody understands exactly what the majority leader and the president are asking us to do, america's maxed out our credit card. about $16.7 trillion. now, i know we have talked about millions and billions and trillions as if we could actually conceptualize what that means, but here is an interesting comparison. under president...
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Nov 6, 2013
11/13
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CSPAN2
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unlike the government, i can't raise my debt ceiling. anita in sutton wrote what was supposed to help people like my husband and i who are self-employed -- and he has a chronic illness -- only hurts us. our premiums went up $2.287.70 per month, and this is now with a $4,000 single, $8,000 family deductible, nothing like a 30% increase for one year. having to hoist yourself up each day and go to work and try to carry on is hard enough with this chronic illness. now we have to pick and choose what bills we can afford to pay. jane in troy said she tried to enroll her son into the federal program. this is what she wrote to me. the quote was $600 a month. do you know of any 20-year-old who can afford $600 a month? tim in merrimack wrote me contrary to the original intent of the affordable care act, individuals who obtain insurance on their own are paying radically escalating costs based on individual coverage for a healthy nonsmoking 51-year-old male available for january 1 of 2014 on the health care exchange in new hampshire, the results are
unlike the government, i can't raise my debt ceiling. anita in sutton wrote what was supposed to help people like my husband and i who are self-employed -- and he has a chronic illness -- only hurts us. our premiums went up $2.287.70 per month, and this is now with a $4,000 single, $8,000 family deductible, nothing like a 30% increase for one year. having to hoist yourself up each day and go to work and try to carry on is hard enough with this chronic illness. now we have to pick and choose...
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Oct 9, 2013
10/13
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FOXNEWSW
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we can't keep piling on new debt and raise the debt ceiling is bad. the only way we support raising the debt ceiling is significant reform to spending, significant reform to the budget. bill: you're saying republicans are united? no breaks in the ranks. >> yeah. i think you will find that we're very united that raising the debt ceiling without any kind of structural reform, any budgetary reform without any kind of concern for all the debt that president obama is adding to the country i don't think it is going to happen. bill: rand paul, senator, thank you for your time. >> thank you. bill: republican from kentucky on the hill with us. martha. martha: talk about breaking news. things can get pretty crazy behind the scenes here, but nothing like this control room. how this tv studio went up in flames. but this was no electrical fire. >> holy cow. martha: oh, my. we'll tell you what happened there. bill: also an off-duty police officer is now under arrest after this biker beatdown. what may be one of new york's finest playing out on his worst day. bill:
we can't keep piling on new debt and raise the debt ceiling is bad. the only way we support raising the debt ceiling is significant reform to spending, significant reform to the budget. bill: you're saying republicans are united? no breaks in the ranks. >> yeah. i think you will find that we're very united that raising the debt ceiling without any kind of structural reform, any budgetary reform without any kind of concern for all the debt that president obama is adding to the country i...
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Sep 21, 2013
09/13
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FOXNEWSW
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hitting the ceiling. >> every person thinks raising the debt ceiling must mean that we're running up our debt. >> well, here's something else average americans know. when they increase their budget, they spend more. and those same average americans have been getting their spending under control. unlike politicians in d.c. so should the government act more like you? hi, everyone. i'm brenda button. this is "bulls and bears." let's get right to it. here they are, the "bulls and bears" this week. we have gary b. and david merce. welcome to everybody. john, the government raising its debt. average americans cutting their debt. what's going on here? >> what alternative universe does the president think that america lives in? look, if you have a credit card debt, and you have $10,000 limit, you reached your limit, and you turn to your company and say, i'm borrowing money from my neighbor every month to pay my credit card debt, can you raise it to $20,000? because raising my kracredit ca limit does not increase my debt. it's preposterous. this isn't just president obama. since 2000, republi
hitting the ceiling. >> every person thinks raising the debt ceiling must mean that we're running up our debt. >> well, here's something else average americans know. when they increase their budget, they spend more. and those same average americans have been getting their spending under control. unlike politicians in d.c. so should the government act more like you? hi, everyone. i'm brenda button. this is "bulls and bears." let's get right to it. here they are, the...
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63
Jul 29, 2013
07/13
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CSPAN2
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eye 63
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possible that republicans will not raise the debt ceiling. a lot going on. government funding, health care, debt ceiling. explain how they all might come together. in the coming months. >> in nine glorious days in september. the congress is here for another week. then they go out for one month. then they come back. that second week in september. they're here for two weeks. in the house goes out. then back for a day. then everything happens that once. key features of the affordable care act taken. the fiscal year ends. that means government is no longer funded unless they can agree on something. and then sometime after that, sometime between the first of october and the end of the year spending cuts, but not to level the was agreed to in the law -- the fiscal cleft white -- crisis in 2011. they agree to do things. tax on spending. and we will have a sequester which is about $100 billion in cuts split between defense and domestic spending. and so what you're going to see in september is a real fight over that. democrats in the budget have presented. we don't r
possible that republicans will not raise the debt ceiling. a lot going on. government funding, health care, debt ceiling. explain how they all might come together. in the coming months. >> in nine glorious days in september. the congress is here for another week. then they go out for one month. then they come back. that second week in september. they're here for two weeks. in the house goes out. then back for a day. then everything happens that once. key features of the affordable care...
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Jan 14, 2013
01/13
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FOXNEWSW
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eye 265
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raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills that have already been racked up and we need to pay them. so while i'm willing to compromise and find common ground how to reduce our deficits, america can not afford another debate with this congress about whether or not they should pay the bills they have already racked up. if congressional republicans refuse to pay america's bills on time, social security checks, and veterans benefits will be delayed. we might not be able to pay our troops, or honor our contracts with small business owners. food inspectors, air traffic controllers, specialists who track down loose nuclear materials wouldn't get their paychecks. investors around the world will ask if the united states of america is in fact a safe bet? markets could go haywire, interest rates would spike for anybody who borrows money, every homeowner with a mortgage, every student with a college loan, every small business owner wh
raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills that have already been racked up and we need to pay them. so while i'm willing to compromise and find common ground how to reduce our deficits, america can not afford another debate with this congress about whether or not they should pay the bills they have already racked up. if congressional republicans refuse to pay america's bills...
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Oct 3, 2013
10/13
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KQED
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>> applying pressure, wall street ceo, failure to raise the debt ceiling would lead to extremely adverse consequences. >> big changes coming to the health care system and we ask one of the nation's top hospital ceo's who he is doing to prepare. that and more. >>> good evening everybody. i'm bill griffin in for tyler mathisen. >> i'm susie gharib, good evening everyone. on day two of the government shutdown, president obama talking tough and acting tough. he called together the leadership of chambers of congress to find a solution and get the government up and running again and he met with a group of powerful bank ceos to discuss the risks of the financial system and in an exclusive interview, the president singled out what he called a small faction of the republican party and says he's willing to negotiate after the government is open for business again. john harwood sat down with the president today and joins us now from the white house. john, over to you, what happened? >> reporter: one of the things confusing to people is what exactly is the president willing to negotiate on and when?
>> applying pressure, wall street ceo, failure to raise the debt ceiling would lead to extremely adverse consequences. >> big changes coming to the health care system and we ask one of the nation's top hospital ceo's who he is doing to prepare. that and more. >>> good evening everybody. i'm bill griffin in for tyler mathisen. >> i'm susie gharib, good evening everyone. on day two of the government shutdown, president obama talking tough and acting tough. he called...
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Jan 15, 2013
01/13
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KOFY
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the debt ceiling f.congress raises the debt cell what does it do. puts us more in debt. >> it allows him to borrow more money. >>reporter: half the people we talked to had no idea what the debt ceiling was. she blamed lawmakers. >> i believe honestly they make things purposely confuse to go do whatever they want. >>reporter: so if the president wants to turn up the heat on house republicans he has to make the issue clear and as bruce explains, republicans need to decide if they really want to stand their ground on this issue at the risk of economic down tivrnlt i think a lot has to do yes tea party you want to make a case is this the time to do it and right way to do it. that i think is boehner responsibility to explain that to his caucus members. my unitsing that's what he's planning to do over the next couple days. >>reporter: tea party express issued a statement saying it's completely irresponsible for the president of the united states to demagog this issue. the president will have big opportunity to speak to the nation on this if he chooses t t
the debt ceiling f.congress raises the debt cell what does it do. puts us more in debt. >> it allows him to borrow more money. >>reporter: half the people we talked to had no idea what the debt ceiling was. she blamed lawmakers. >> i believe honestly they make things purposely confuse to go do whatever they want. >>reporter: so if the president wants to turn up the heat on house republicans he has to make the issue clear and as bruce explains, republicans need to decide...
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Oct 9, 2013
10/13
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WTTG
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you do need to raise the debt ceiling. the president is not going to budge on obama care and nor should he. he said that he will negotiate on all of these things once the threat of the default is off the table and un fofortunately i do think it's going to happen and the shut down will happen until then and then we'll see what happens but the president did indicate he would sign a short-term resolution to keep the government open. maybe republicans will i agree and we can negotiate. >> how can this work if we keep kicking the can down the road. >> we're sick of it no question about it. it does give time for negotiations. right now there aren't any negotiations so if they would sit down and get some we're not going to be able to negotiate on what the republicans want in terms of delaying obama care. >> you'll be forced into it. obama will become desperate. >> that's not correct, jack. >> i don't mind the government being shut down because it's enforcing fiscal discipline on the system. this sis the only way to enforc fiscal
you do need to raise the debt ceiling. the president is not going to budge on obama care and nor should he. he said that he will negotiate on all of these things once the threat of the default is off the table and un fofortunately i do think it's going to happen and the shut down will happen until then and then we'll see what happens but the president did indicate he would sign a short-term resolution to keep the government open. maybe republicans will i agree and we can negotiate. >> how...
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Jan 11, 2013
01/13
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FOXNEWS
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next month, congress will be asked again to raise the debt ceiling. most republicans will oppose that acting for definite spending cuts before more borrowing. does the president care? >> the only viable option here is congress to fulfill -- that congress fulfills its responsibility and ensures that the united states of america pays its bills as it has always paid its bills through the its history. >> bill: just shut up and pay. all right? don't be asking for anything, just pay. it's mr. obama's way or the highway. again, he could use an executive order to ignore the debt ceiling and i will not be surprised if he does. so, what we have here is not a failure to communicate as they once said in the movie cool hand lou. but a president who believes he can do what he wants to do with little accountability. he has already signed executive order changing immigration rules. that was done in the middle of the night. few even know about it if this continues there will be a constitutional crisis in america. unfortunately we the people are slow to understand what
next month, congress will be asked again to raise the debt ceiling. most republicans will oppose that acting for definite spending cuts before more borrowing. does the president care? >> the only viable option here is congress to fulfill -- that congress fulfills its responsibility and ensures that the united states of america pays its bills as it has always paid its bills through the its history. >> bill: just shut up and pay. all right? don't be asking for anything, just pay. it's...
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May 21, 2013
05/13
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CSPAN2
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now, this body may well vote to raise the debt ceiling, but if this body votes to raise the debt ceiling, we should do so after fair and open debate where the issue is considered and where the threshold is the traditional 60-vote threshold where we can address what i think is imperative that we fix the problem. when i -- when i travel across the state of texas, men and women stop me all the time and say enough of the games. go up there, roll up your sleeves, work with each other and fix the problem. and just getting a new credit card, jacking up the debt ceiling with no spending reforms, no structural reforms, no pro-growth reforms is a mistake, it's the wrong path. a senator: will the senator yield for a question? mr. cruz: i will yield. mrs. boxer: here's the question. the people in my state are saying the same thing. roll up your sleeves and attack the problems, because guess what? i remember when this budget was balanced when bill clinton was president. it took literally a few months before george w. bush gave a tax break and put it on the credit card, two wars on the credit card and
now, this body may well vote to raise the debt ceiling, but if this body votes to raise the debt ceiling, we should do so after fair and open debate where the issue is considered and where the threshold is the traditional 60-vote threshold where we can address what i think is imperative that we fix the problem. when i -- when i travel across the state of texas, men and women stop me all the time and say enough of the games. go up there, roll up your sleeves, work with each other and fix the...
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Oct 10, 2013
10/13
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CNN
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does default on its debt, doesn't raise the debt ceiling. it looks like he's going to have a tough sell, especially with republicans on the panel. let's play a clip. i believe we have treasury secretary lew speaking with republican senator from wyoming, mike enzi. let's listen. >> mr. secretary, i think this is the 11th time i've been through this discussion about the sky is falling and the earth will erupt. wyoming families aren't buying these arguments. they're saying, you can't spend more than you take in. and you can't -- definitely can't keep doing it forever and ever and ever. >> senator, those wyoming families know that after they've run up their credit card, they don't get to ignore t they have to pay the bill. the debt limit is just paying our bills. >> and those bills secretary lew was talking about are bills that will come due between october 17th and november 1st, bills that would pay military troops, active duty troops, medicare, medicaid payments, not just bills or payments to bond holders. a whole lot of people would be in tro
does default on its debt, doesn't raise the debt ceiling. it looks like he's going to have a tough sell, especially with republicans on the panel. let's play a clip. i believe we have treasury secretary lew speaking with republican senator from wyoming, mike enzi. let's listen. >> mr. secretary, i think this is the 11th time i've been through this discussion about the sky is falling and the earth will erupt. wyoming families aren't buying these arguments. they're saying, you can't spend...
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Oct 8, 2013
10/13
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KNTV
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and because it's called raising the debt ceiling, hi think a lot of americans think it's raising our debt. it is not raising our debt. this does not add a dime to our debt. it simply says you paid for what congress has already authorized america to purchase, whether that's the greatest military in the world or veterans benefits or social security. whatever it is that congress has already authorized, what this does is makes sure we can pay those bills. now, the last time that the tea party republicans flirted with the idea of default two years ago, markets plunged, business and consumer confidence plunged, america's credit rating was downgraded for the first time, and a decision to actually go through with it, to actually permit default according to many ceos and economists would be -- and i'm quoting here -- insane, catastrophic, chaos. these are some of the more polite words. warren buffett likened the default top a nuclear bomb, a it would undermine the world's confidence in america as the bedrock of the globalom> econo and it might permanently increase our borrowing costs, which,
and because it's called raising the debt ceiling, hi think a lot of americans think it's raising our debt. it is not raising our debt. this does not add a dime to our debt. it simply says you paid for what congress has already authorized america to purchase, whether that's the greatest military in the world or veterans benefits or social security. whatever it is that congress has already authorized, what this does is makes sure we can pay those bills. now, the last time that the tea party...
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Oct 10, 2013
10/13
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CSPAN
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about our debt ceiling raise, interest rates are likely to raise. raise in capital will become a problem. do you have any thoughts on what that's going to be doing to our silicon valley entrepreneurs? mr. honda: well, it's a dampening effect. i think people are less likely to invest. even though there's a great faith in the kinds of activities we have in silicon valley. i think those who have the resources to make the investments, they're going to be looking at it twice before they can move forward. i think that they're very concerned about the government's behavior in terms of how we manufacture crisis around the debt limit, how we manufacture crisis about the c.r. or the budget. and all we need is what we proposed a few months ago and that is a good balanced budget that would drive this country forward economically and logically. no family functions without a good budget. and what we're doing is we created a budgetary crisis that guarantees -- they've already done it -- closure of the government or the dysfunction of a family. and when you do that
about our debt ceiling raise, interest rates are likely to raise. raise in capital will become a problem. do you have any thoughts on what that's going to be doing to our silicon valley entrepreneurs? mr. honda: well, it's a dampening effect. i think people are less likely to invest. even though there's a great faith in the kinds of activities we have in silicon valley. i think those who have the resources to make the investments, they're going to be looking at it twice before they can move...
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Jan 2, 2013
01/13
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FOXNEWSW
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they may be unable to pay the bills if the debt ceiling is not raised. that debt default will no doubt send the u.s. economy back into could have more deleterious effect than falling off the fiscal cliff couwould h. >> tim geithner put in measures to avoid that. >> at the end of the month we are talking about these issues all over again. >> lauren simonetti fox business network. thank you. >> 15 after the hour. still to come the temperatures are plummeting and that means your risk of certain health problems rises. what you need to watch out for during the winter to avoid a trip to the doctor's office. several nurses fired for refusing flu shots. wait until you hear this story. >> was we go to break a look at the gas prices. national average 3.29 cents an ounce -- announce. $3.29. that is unchanged from yesterday. >> it is 19 minutes after the hour. here are quick headlines. it may be another reason to cut back on sugar. it can cause you to over eat. a new study finds when people eat fructose sugar it turns off part of the brain that tells you when you ar
they may be unable to pay the bills if the debt ceiling is not raised. that debt default will no doubt send the u.s. economy back into could have more deleterious effect than falling off the fiscal cliff couwould h. >> tim geithner put in measures to avoid that. >> at the end of the month we are talking about these issues all over again. >> lauren simonetti fox business network. thank you. >> 15 after the hour. still to come the temperatures are plummeting and that means...
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Sep 20, 2013
09/13
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ALJAZAM
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failure to raise the debt ceiling could cause a down grade in the u.s. credit rating another scenario for economic chaos. but even if the stalemate eventually gets solved the mere discussion of it right now could have an economic impact. take a look at confidence over the next two or so years. noticeable dibtnoticeable dips d when the sequesterrer was debated earlier this year. the uncertainty pushes business leaders to slow down hiring. corporations start putting money away instead of spending money on new equipment. and if you wanted more proof, the partisan grandstanding in washington is a threat to the economy. fears of a shut down contributed to a 1% drop of the stock market on friday after hitting record highs earlier in the week. let's dig deeper into what all the uncertainty coming out of washington means for you. chris farrell, economic editor for marketplace money, a a finance program. what is this talk about washington dysfunction? >> you saw today with the decline in the stock market it was down about a percentage point. and so you know, that
failure to raise the debt ceiling could cause a down grade in the u.s. credit rating another scenario for economic chaos. but even if the stalemate eventually gets solved the mere discussion of it right now could have an economic impact. take a look at confidence over the next two or so years. noticeable dibtnoticeable dips d when the sequesterrer was debated earlier this year. the uncertainty pushes business leaders to slow down hiring. corporations start putting money away instead of spending...
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Oct 9, 2013
10/13
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ALJAZAM
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this is they're latest plan to re-open the government and raise the debt ceiling. is it a workable solution or a political ploy? >> we've heard this before. it's happened many times before, and these committees usually fail to come up with an agreement. i could envision a scenario. in fact, it's the most likely scenario right around the 17th both boehner and obama say, all right, we'll raise the debt ceiling and end the shutdown at least for a while in exchange for some committee that will look at options. maybe it will last for a couple of months. that means the cloud continues to persist. we could get into mid-december and have another crisis if this committee doesn't come up with anything meaningful. >> and they are watching overseas as well. how is the shutdown affecting global investors with interests here in the u.s.? >> for now it's not enormous, although the backup in yields on short-term bills yesterday was troubling. i would say for investors around the world there are two concerns. we've talked about default. i think default maybe is a 20% chance. it's n
this is they're latest plan to re-open the government and raise the debt ceiling. is it a workable solution or a political ploy? >> we've heard this before. it's happened many times before, and these committees usually fail to come up with an agreement. i could envision a scenario. in fact, it's the most likely scenario right around the 17th both boehner and obama say, all right, we'll raise the debt ceiling and end the shutdown at least for a while in exchange for some committee that...
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Feb 5, 2013
02/13
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CSPAN2
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the debt ceiling. so here's the key actor. >> host: is he a strong leader? >> guest: i think it was much more powerful figure by the force of his personality, gingrich was a more creative thinker. boehner on the other hand understands strengths and limitations. he's a likable person. it's appropriately cautious and they think is actually that the republican party through some difficult times here in the last couple months and when i most encouraged about this the way he navigated republicans away from what would've been a disastrous debate what the president overgrazing at the ceiling. if republicans had time to this issue and said, you know, were not going to raise the debt ceiling unless at a certain amount of cuts, they would've caved in the end, would've been disastrous, much like what the fiscal cliff and i think boehner and right together did a very nice job convincing republicans that you can't govern from the house, but sure to be careful about getting into these high-profile, high-stakes, last
the debt ceiling. so here's the key actor. >> host: is he a strong leader? >> guest: i think it was much more powerful figure by the force of his personality, gingrich was a more creative thinker. boehner on the other hand understands strengths and limitations. he's a likable person. it's appropriately cautious and they think is actually that the republican party through some difficult times here in the last couple months and when i most encouraged about this the way he navigated...
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government shutdown comes to an end as america default by a whisker with the debt ceiling raised some worried that catastrophe is only being delayed. the. protesters in italy take on the police as thousands hit the streets to vent their anger at the government's new austerity loaded budget. also this week. out of new clear a huge spike in radiation levels at fukushima as readings in a story rise by thousands of times in just a day.
government shutdown comes to an end as america default by a whisker with the debt ceiling raised some worried that catastrophe is only being delayed. the. protesters in italy take on the police as thousands hit the streets to vent their anger at the government's new austerity loaded budget. also this week. out of new clear a huge spike in radiation levels at fukushima as readings in a story rise by thousands of times in just a day.
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and the debt ceiling has never not been raised. so there is no debt ceiling. and by having a debt ceiling and then raising it every time, it allows the politicians off the hook for making the hard choices. >> you know, your kids and mine are going to suffer greatly because we failed to bring in spending that's not efficient, not effective and basically outside the bounds of the constitution. >> agreed. >> we've not done what the president asked us to do. he offered $435 billion in mandatory spending changes in this last budget. that ought to be included in any debt ceiling increase. in other words, we have to start making the transition to live responsib responsibly. and we can't continue to get an increase limit on our credit card whether we're not demonstrating any financial integrity in the way we run our government. >> totally agreed. senator, i agree with everything that you say. it's a great platform. few americans if any would disagree. however, where the disagreement comes is if you do not recognize what is at risk with the politics you're playing righ
and the debt ceiling has never not been raised. so there is no debt ceiling. and by having a debt ceiling and then raising it every time, it allows the politicians off the hook for making the hard choices. >> you know, your kids and mine are going to suffer greatly because we failed to bring in spending that's not efficient, not effective and basically outside the bounds of the constitution. >> agreed. >> we've not done what the president asked us to do. he offered $435...
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Jun 19, 2013
06/13
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CSPAN2
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the debt ceiling. and i would point out that the debt ceiling issue was not even contemplated in the senate budget resolution, never came up, wasn't discussed, there was no amendment, there was no vote. it's not in the document. in the house budget, the debt limit increase is not contemplated. it's not there, it wasn't voted on, it's completely absent. and so consistent with the rules of the senate, i would simply suggest that we go right ahead to conference, that we have a conference on the budget but that we follow the normal procedure of the senate, which is that matters that are not in either bill, either the house or the senate bill, be excluded from consideration in a conference report so that we don't airdrop in some extraneous, unrelated matter that was never contemplated by either body. that i think is a sensible approach and i think necessary because i think a debt limit -- the debt limit is a very important issue. we have a staggering amount of debt that we've allowed to accumulate. it's alr
the debt ceiling. and i would point out that the debt ceiling issue was not even contemplated in the senate budget resolution, never came up, wasn't discussed, there was no amendment, there was no vote. it's not in the document. in the house budget, the debt limit increase is not contemplated. it's not there, it wasn't voted on, it's completely absent. and so consistent with the rules of the senate, i would simply suggest that we go right ahead to conference, that we have a conference on the...
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Oct 15, 2013
10/13
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CSPAN2
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debt ceiling would cause damage to the u.s. economy and to the global economy as a result of spillover effects. in response to a question about debt prioritization, she said when you're the largest economy in the world, the safe haven in all circumstances as has been the case, you can't go into that creative accounting business. christine la guard, chief of the international monetary fund. it's an interesting thing in politics. you can always find somebody who will agree with almost almost any point of view. and tea party republicans have rounded up some flat earth economists who say default on the debt is really not a big deal. in fact, i've heard my colleagues some on the floor arguing we have to pick and choose who is going to get paid. you won't even notice. reminds me, mr. president, you were in the house as i was when there was the gingrich shutdown of the government and rush limbaugh and others, they'll shut down the government and no one will notice. they noticed in a hurry. after two weeks they finally reopened the gov
debt ceiling would cause damage to the u.s. economy and to the global economy as a result of spillover effects. in response to a question about debt prioritization, she said when you're the largest economy in the world, the safe haven in all circumstances as has been the case, you can't go into that creative accounting business. christine la guard, chief of the international monetary fund. it's an interesting thing in politics. you can always find somebody who will agree with almost almost any...
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Jan 15, 2013
01/13
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FOXNEWSW
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senator against the debt ceiling, he talked in essence how irresponsible it was to raise the debt ceiling. what in the world happened between then and now? why does somebody responsible for something raise the debt ceiling that wasn't before? what's the difference? >> i think that the president was terribly irresponsible, to say he's not talking about it because he's above it to blame congress, in part congress creates this problem, but we're going to solve this problem. i got elected to uphold the constitution and leave this country better than how we found we can't keep spending our kids inheritance, can't keep spending their money, we don't have it. >> greta: apparently he has threatened, i think his statement, at least people-- that in the event, congress doesn't authorize to raise that debt ceiling that he will do it unilaterally himself and he thinks he has the authority. do you >> absolutely not. under the 14th amendment of the constitution you can only do this as authorized by law and law is only created through the united states congress. so the president has absolutely no ground
senator against the debt ceiling, he talked in essence how irresponsible it was to raise the debt ceiling. what in the world happened between then and now? why does somebody responsible for something raise the debt ceiling that wasn't before? what's the difference? >> i think that the president was terribly irresponsible, to say he's not talking about it because he's above it to blame congress, in part congress creates this problem, but we're going to solve this problem. i got elected to...
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Oct 13, 2013
10/13
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FBC
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if they do not raise the debt ceiling in washington d.c. and we have a balance was a minute however, if we raise the debt ceiling in extending credit card lit that is the correct thing to do and fiscally irresponsible. i haveo idea what is going on. dennis:ha is the right approach? split that they befores. >> the right aach is to keep the amount of the deficit growth under the incase in nominal gdp. we will somehow somed be able to bail out the debt. dennis: rewind that. the way to do it is? >> if that percentage issgrowing and les quick rate than the increase in nominal gdp, tt debt as a percentage of gdp would be falling. the best tng we can possibly the biggest the already hav 17 trillion inebt and consistently pass the entitlement program. now we have a premium support for 20 million individuals who cannot afford healt insurance. i wonder where the money will come for these people over two and half trillion. when we going tooplacate our creditors and let them know that the united tates government will never defaults. the only way that w
if they do not raise the debt ceiling in washington d.c. and we have a balance was a minute however, if we raise the debt ceiling in extending credit card lit that is the correct thing to do and fiscally irresponsible. i haveo idea what is going on. dennis:ha is the right approach? split that they befores. >> the right aach is to keep the amount of the deficit growth under the incase in nominal gdp. we will somehow somed be able to bail out the debt. dennis: rewind that. the way to do it...
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ceiling is raised by that amount so there's a little bit of wiggle room there now this is something weird and i correct me if i'm wrong here but it's my understanding the debt ceiling can be contested by congress is that correct yes this was something interesting and unexpected that i. the president has three days to look over and basically side a piece of paper it says we need to raise the debt ceiling now congress has twenty two days to pass what's called disapproval so they can actually contest and while this probably unexpected given what the tea partiers have done to delay this process so that it's not completely out of the room or unexpected that they might do something to use this clause that's in there right now now we've been talking about the long term consequences of this and we know that standard and poor's was just in. is inches away from downgrading u.s. debt again as they did in two thousand and eleven again. what would have happened how this actually happened and particularly how would have it affected early twenty four sure we would have had a very low g.d.p. and wo
ceiling is raised by that amount so there's a little bit of wiggle room there now this is something weird and i correct me if i'm wrong here but it's my understanding the debt ceiling can be contested by congress is that correct yes this was something interesting and unexpected that i. the president has three days to look over and basically side a piece of paper it says we need to raise the debt ceiling now congress has twenty two days to pass what's called disapproval so they can actually...